ECB Likely to Consider QE in January

The European Central Bank is considering a broad-based quantitative easing package for its next meeting in January, a source told CNBC.  Bloomberg originally reported the rumors, and stocks turned broadly higher around the same time as that report.

It is not clear, however, that this is a new revelation. ECB President Mario Draghi said Thursday morning that his staff has “stepped up technical preparations for further measures,” which a source said is in line with considering QE proposals.

European stocks had originally dipped on what many interpreted as hawkishness from Draghi.

CNBC

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